Took the double and called it good. Not bad for a two day trade.
4th attempt never made it to 2860.....experience says that might be a sucker move to get sellers watching now that everyone and their dog knows 2860 is resistance. Then a blow up move occurs. See if it happens here.oldarmy1 said:It's where my formula predicted/projected key resistance for bulls/bears.mrad85 said:
What is it about 2860?
4th attempt underway
This is a hard hard lesson to learn.CreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
Good moveCreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
Well it was a very expensive education that first two years of learning options...Rice and Fries said:This is a hard hard lesson to learn.CreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
#metooCreakinDeacon said:Well it was a very expensive education that first two years of learning options...Rice and Fries said:This is a hard hard lesson to learn.CreakinDeacon said:
It is, but I've learned to stop chasing the grand slams and to take the RBIs when it's given to me. I'm going to put some of the profits into the LPSN July calls while it's down and try to average down to $.35
buying puts on spy yet?oldarmy1 said:
cup and handle on the minute S&P. Now or never???
Not yet. You think this ultimately fails. This test and fail can be the greatest shake ploy in the market. Knowing the levels allowed me to take some money off the table and switch out strategies.Ragoo said:buying puts on spy yet?oldarmy1 said:
cup and handle on the minute S&P. Now or never???
I think it breaks resistance ahead of the weekend and then Trump tweets something Pro-American, albeit with Trump rhetoric and futures end up down 20 points next Tuesday morning.oldarmy1 said:Not yet. You think this ultimately fails. This test and fail can be the greatest shake ploy in the market. Knowing the levels allowed me to take some money off the table and switch out strategies.Ragoo said:buying puts on spy yet?oldarmy1 said:
cup and handle on the minute S&P. Now or never???
I would be all over this, but I just don't have enough equity to hold up funds in the naked puts I would want. One day though...oldarmy1 said:
In a normal market I'd be all in at this point but I just have zero trust in the China deal, so I'm using naked Puts more. About to switch a few more holdings to take advantage of some reach covered calls combined with naked Puts
You'll get there. And the last 2 weeks have been the most difficult week I've had. Go figure. What I was down has been cut in half, so right now my goal is to pull back to neutral and then let some longer term calls pay off on an eventual move upward. I have MCHP June $87's. I want MCHP to close that gap yesterday and I'll sell a covered call out to same period to make shares expendable and use the calls as my opportunity risk.CreakinDeacon said:I would be all over this, but I just don't have enough equity to hold up funds in the naked puts I would want. One day though...oldarmy1 said:
In a normal market I'd be all in at this point but I just have zero trust in the China deal, so I'm using naked Puts more. About to switch a few more holdings to take advantage of some reach covered calls combined with naked Puts
Sell 1/2. Take the net free hold. One bad tweet from Trump will tank DE because DE uses a lot of steel from China in their manufacturing.Colt98 said:
Question.. have DE June 21 145. Up 100% now, but with the extra time would you hold here and look for it to work on filling gap? Not going to lie, I'm still a little shell shock on some of my early sales(qcom,dis). That part of me wants to pull trigger and capture the 100%, but the other believes it looks like a likely gap fill, or very least will test 140.
I've been doing the same with options. When it breaks through it should get close to $10, but in the meantime I'll trade the options on it.Aggie_2463 said:
RIG up ~5% today...
I've done played that thing 4x from $7.30 range to $7.60+ range. It's seems to bounce there a lot
It be nice if it go ahead and break outPrognightmare said:I've been doing the same with options. When it breaks through it should get close to $10, but in the meantime I'll trade the options on it.Aggie_2463 said:
RIG up ~5% today...
I've done played that thing 4x from $7.30 range to $7.60+ range. It's seems to bounce there a lot